Shell Asset Management Co. cut its holdings in shares of Jones Lang LaSalle Incorporated (NYSE:JLL) by 27.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,975 shares of the financial services provider’s stock after selling 6,796 shares during the quarter. Shell Asset Management Co.’s holdings in Jones Lang LaSalle were worth $2,271,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. BlackRock Inc. grew its holdings in Jones Lang LaSalle by 2,744.5% in the 1st quarter. BlackRock Inc. now owns 4,348,540 shares of the financial services provider’s stock valued at $484,647,000 after buying an additional 4,195,662 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Jones Lang LaSalle by 14,443.2% during the 2nd quarter. Janus Henderson Group PLC now owns 641,645 shares of the financial services provider’s stock valued at $80,206,000 after acquiring an additional 637,233 shares during the period. Franklin Resources Inc. lifted its position in shares of Jones Lang LaSalle by 8,404.7% during the 2nd quarter. Franklin Resources Inc. now owns 442,242 shares of the financial services provider’s stock valued at $55,280,000 after acquiring an additional 437,042 shares during the period. Platinum Investment Management Ltd. lifted its position in shares of Jones Lang LaSalle by 109.0% during the 2nd quarter. Platinum Investment Management Ltd. now owns 634,613 shares of the financial services provider’s stock valued at $79,326,000 after acquiring an additional 330,913 shares during the period. Finally, Atlanta Capital Management Co. L L C lifted its position in shares of Jones Lang LaSalle by 18.6% during the 2nd quarter. Atlanta Capital Management Co. L L C now owns 1,467,979 shares of the financial services provider’s stock valued at $183,497,000 after acquiring an additional 229,831 shares during the period. 90.08% of the stock is currently owned by institutional investors and hedge funds.
JLL has been the subject of several recent analyst reports. Barclays PLC increased their price target on Jones Lang LaSalle from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Tuesday, July 18th. ValuEngine raised Jones Lang LaSalle from a “hold” rating to a “buy” rating in a research note on Wednesday, October 11th. Royal Bank of Canada cut Jones Lang LaSalle from an “outperform” rating to a “sector perform” rating in a research note on Thursday, October 12th. Zacks Investment Research raised Jones Lang LaSalle from a “hold” rating to a “buy” rating and set a $142.00 target price for the company in a research note on Tuesday, October 3rd. Finally, BidaskClub cut Jones Lang LaSalle from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Jones Lang LaSalle currently has an average rating of “Buy” and a consensus target price of $133.57.
Shares of Jones Lang LaSalle Incorporated (NYSE:JLL) traded up $0.51 during trading on Friday, reaching $145.76. The company had a trading volume of 237,200 shares, compared to its average volume of 291,403. The company has a quick ratio of 1.97, a current ratio of 1.60 and a debt-to-equity ratio of 0.35. Jones Lang LaSalle Incorporated has a 1-year low of $92.26 and a 1-year high of $146.96. The company has a market capitalization of $6,589.47, a price-to-earnings ratio of 17.76, a P/E/G ratio of 1.60 and a beta of 1.85.
Jones Lang LaSalle (NYSE:JLL) last announced its quarterly earnings results on Monday, November 6th. The financial services provider reported $1.96 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.55 by $0.41. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.83 billion. Jones Lang LaSalle had a return on equity of 12.55% and a net margin of 4.52%. The firm’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.42 earnings per share. research analysts anticipate that Jones Lang LaSalle Incorporated will post 8.23 EPS for the current fiscal year.
The company also recently declared a Semi-Annual dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 16th will be paid a dividend of $0.37 per share. The ex-dividend date is Wednesday, November 15th. This represents a yield of 0.52%. This is a positive change from Jones Lang LaSalle’s previous Semi-Annual dividend of $0.35. Jones Lang LaSalle’s payout ratio is 9.38%.
In other Jones Lang LaSalle news, Director Sheila A. Penrose sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $123.07, for a total transaction of $123,070.00. Following the completion of the transaction, the director now owns 46,417 shares of the company’s stock, valued at approximately $5,712,540.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.72% of the company’s stock.
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About Jones Lang LaSalle
Jones Lang LaSalle Incorporated (JLL) is a financial and professional services company specializing in real estate. The Company operates through four business segments: Americas; Europe, Middle East and Africa (EMEA); Asia Pacific, and LaSalle. It offers integrated services on a local, regional and global basis to owner, occupier, investor and developer clients.
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